SLX long party’s last hurrah? The 4-hour signal has flipped to bearish!



$SLX /USDT - SHORT (go short)

Trading plan:
Entry: 0.17397 – 0.17727
SL: 0.19145
TP1: 0.16375
TP2: 0.15583
TP3: 0.14395

Why focus on this structure?
- RSI on the 15-minute chart is only 46.2; the bounce lacks strength, with bears controlling the market.
- The 4-hour EMA trendline is capping price; 0.17562 is the key current resistance.
- ATR (1 hour) is 0.0066. After volatility tightens, a sell-off may accelerate, targeting TP1: 0.16375.

Discussion:
Will this leg reach TP1 first then bounce, or will it directly wick into TP2? Did you set a stop-loss on your short?
SLX0.50%
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